BOSTON-A big commercial real estate deal for this Wednesday morning comes right out of Boston: the Rockpoint Group has closed on the Rockpoint Fund IV to the tune of $1.95 billion in equity commitments. According to a statement from the firm, this fund's investors include public and corporate pension funds, foundations, endowments and government entities from the United States and Canada, as well as Asia and the Middle East.
At press time, Fund IV has committed approximately $470 million of equity in 12 transactions. With this recent closing, no other brokerage or other placement fees were paid in connection with the investor commitments.
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